The Federal Reserve Bank released a videotape earlier this month
designed to heighten awareness among lenders about the business
opportunities available to them in lending to businesses owned by women.
Through testimonials, the videotape entitled, “To their Credit: Women-
Owned Businesses,” features successful women business owners describing
their experiences in obtaining bank credit.
To potential entrepreneurs, the tape stresses the need for future
commercial borrowers to build a relationship with the lender and to have
a comprehensive business plan prepared prior to approaching a lender.
To potential lenders, the tape focuses on the profitability this fast
growing segment of the economy offers financial institutions.
The Most Undervalued Asset in Business: The Right Connection
By Emilio DiSpirito IV License Partner | Private Office Advisor Engel & Volkers Oceanside www.DiSpiritoteam.com…
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During the 30-minute program, several informational resources are
pointed out, including Small Business Administration Women’s Business
Centers.
The videotape is available through FVS Media for a small fee. The
telephone number is (800) 555-5471.
The Federal Reserve Bank of Chicago and the Women’s Business Development
Center also produced a publication that looking at credit issues.
The publication, “Access to Credit: A Guide for Lenders and Women Owners
of Small Businesses,” can be obtained by contacting the bank’s public
affairs office at (312) 322-5111.
